Andrew To Split Stock Three For Two.ORLAND PARK Or·land Park A village of northeast Illinois, a residential and manufacturing suburb of Chicago. Population: 53,300. , Ill.--(BUSINESS WIRE)--Feb. 12, 1997--Andrew Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANDW) will split its common stock, 3 shares for 2 on Tuesday, March 11, 1997 for holders of record on Tuesday, Feb. 25, 1997. Floyd L. English, chairman, president and chief executive officer, made the announcement at Andrew Corp.'s annual meeting of stockholders held in Oakbrook Terrace yesterday. "We're very happy to be able to split the stock for the fifth year in a row. The split reflects the continued strong investor interest in Andrew Corp. This action by the board of directors will substantially increase the number of shares of Andrew common stock available in the marketplace," Dr. English said. The company had 60,606,000 shares of common stock outstanding on Dec. 31, 1996. -0- Andrew Corp. is a global supplier of communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. equipment and services. Major markets are wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. -- which includes cellular, personal communications services See PCS. and land mobile radio -- broadcast and common carrier. Andrew is an S&P 500 company listed on the Nasdaq National Market System under the symbol ANDW. CONTACT: Andrew Corp., Orland Park Tami Kamarauskas, 708/873-2534 |
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